This Laundromat Makes $3 Million?

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Codie Sanchez

Codie Sanchez

Күн бұрын

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We invested $100,000 into this laundromat with an idea these gents had of building out the future of laundromats and laundry delivery services. Listen to how they are going to hit that $3million number and how you can learn to cashflow on laundromats!
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All content on the Codie Sanchez KZbin channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.
#passiveincome #laundry #laundromats #passiveinvesting

Пікірлер: 587
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
What else do ya'll want to know?
@Nickriley94
@Nickriley94 2 жыл бұрын
Hey Codie, love your content! We actually met a couple of years ago when I was on the BOD for the ALPFA Orange County Chapter and you were a guest speaker! Any tips for how to find boring businesses to buy from baby boomers (BBBB's) in the Austin, Texas area?
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
@@Nickriley94 love this yes. Ok to do ur question justice go to contrarianthinking and google how to find deals
@jamesbrine8494
@jamesbrine8494 2 жыл бұрын
Love your content as well How much would you say you needed to start a business like this ?? I’m out in calgary Alberta and I think this would be awesome and would work wonders here.
@brandoncoppola970
@brandoncoppola970 2 жыл бұрын
Is the goal here to acquire or build sizeable wash/dry/fold facilities every X miles or so (i.e., shrink the service time from days to hours or overnight?) or offer franchise opportunities to other wash/dry/fold facilities and run all the logistics (if they wanted to scale quickly without having to spend a lot of capital on physical stores and have ROFRs on all those franchise locations.) Mark mentioned most of their customers use the service sporadically - implying convenience over necessity. Are most of their clients, in fact, people with washers & dryers that choose to use the service for convenience? If that is the case, the value prop is really folding clothes as it's the most time-intensive...throwing clothes into the washer and dryer isn't worth much. Have they thought about providing just a folding service as a standalone option? There is certainly overlap with home cleaning services as I'd imagine the folding service would require an individual or two to go into the customer's home. A few other questions: Have they experimented with subscription services with a monthly weight or bag limit? Is anything proprietary about the business? Did they develop any software to handle the operations? Or is this a land and expand / first-mover to scale strategy? Did the owners acquire the business and add services or improve the service level? What are the exit plans (if any)? Is this a long-term hold for the majority owners, or are they looking at flipping when they get to some revenue figure? Are they raising capital? I'm sure folks in the contrarian thinking crew would be interested in investing. Out of left field question (and not sure if they can collect this level of data on their customers): Can they catalog customer wardrobes? Not sure if there is AI/ML technology that could categorize everything going through their facilities and tag them to a household (excl., sex toys). The manual way would probably be too time-consuming and disrupt the service level.
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
@@jamesbrine8494 So I wouldn't start it I'd buy it using an SBA loan or seller financing. unconventionalacquisitions.com/laundromats/
@chrispaul3778
@chrispaul3778 2 жыл бұрын
Jobs will pay your bills business will make you rich but investment makes and keep you wealthy, the future is inevitable, I hope you become successful!
@christopherhobb7702
@christopherhobb7702 2 жыл бұрын
Assets that can make you rich Bitcoin Stocks Real estate
@madiezancanellatl9205
@madiezancanellatl9205 2 жыл бұрын
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
@thomasdooley3702
@thomasdooley3702 2 жыл бұрын
Most people are gonna become millionaires and will have bitcoin to thank for that..
@madiezancanellatl9205
@madiezancanellatl9205 2 жыл бұрын
I'm new to this Bitcoin trading, how do I get started with the help of a professional?
@madiezancanellatl9205
@madiezancanellatl9205 2 жыл бұрын
Any specific guide?
@luistaveras2343
@luistaveras2343 2 жыл бұрын
Hello. I'm actually looking for a good trader that can help me trade and make good profit, Ive been seeing so many recommendations but i don't think they're trusted. Please do you have any recommendation?
@jeong-hoon701
@jeong-hoon701 2 жыл бұрын
@albertolunder5405
@albertolunder5405 2 жыл бұрын
Crypto is a very profitable investment to make at the moment
@juanfrancisco285
@juanfrancisco285 2 жыл бұрын
@@albertolunder5405 yes you are right about that
@jessicawilliams973
@jessicawilliams973 2 жыл бұрын
@Charlotte Steven How can someone know a professional account manager that is trustworthy when legit once are hard to find this days
@kamilafabian3115
@kamilafabian3115 2 жыл бұрын
Wow I'm amazed you mentioned Mrs Jennifer Allen, she is the best and her strategies works like magic. I've been making over 300% of my investment weekly since I started investing with $ 50 00
@vincentbrown6818
@vincentbrown6818 2 жыл бұрын
Great content, Every family has that one person who will break the family financial struggle I hope you become the one ☺
@binagital5665
@binagital5665 2 жыл бұрын
His trade execution quality and profiting is well structured with great financial features.
@lindalily6924
@lindalily6924 2 жыл бұрын
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
@jasonthomas269
@jasonthomas269 2 жыл бұрын
Good good content.
@abscottcoleman400
@abscottcoleman400 2 жыл бұрын
Yes I'm a living testimony of Romero pieto his platform has also done a great thing for me.
@katlinmicheal8121
@katlinmicheal8121 2 жыл бұрын
I've seen so many review about this man called Romero pieto who is he ?
@jasonedwards3866
@jasonedwards3866 2 жыл бұрын
LOVE the longer former and deeper dives into your boring businesses! Specifically love hearing more cost breakdowns, numbers, "things that go wrong". Super valuable and full of insight!
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Love it. What is missing that you want to know?
@jasonedwards3866
@jasonedwards3866 2 жыл бұрын
@@CodieSanchezCT Perhaps a bit more on recognizing an opportunity as well as understanding future market potential. Also, mirroring what a few others mentioned on production, leaving the text on screen and making it stand out a bit more and, I'd say be mindful when flashing info or graphics on screen in general. It tends to take viewer eyes and attention away from the valuable content you are producing here! Great job and thanks for sharing your value and insight with us!
@Daniel-mu2uh
@Daniel-mu2uh 2 жыл бұрын
How did you decide on a number for the 100k in exchange for equity for this deal and other deals ?
@CauselessBliss
@CauselessBliss 2 жыл бұрын
@@CodieSanchezCT How to market it, customer acquisitions, how to do the numbers to make sure you're in the right investment, what to insure...anything that helps ensure success...
@alexisgilmete9151
@alexisgilmete9151 2 жыл бұрын
Very smart. Not many people change the oil on their car or even wash their car. We outsource so much. Outsource the laundry. I love it. Just ordered The Toyota Way book also. Thank you for expanding my vision.
@yodaddy4735
@yodaddy4735 2 жыл бұрын
You still think like a peasant 😂 talking about changing car oil? 😂 Or wash their car? 😂😂
@edwardkinyanjui1286
@edwardkinyanjui1286 Жыл бұрын
@@yodaddy4735 Men wash their car because they love them.........their cherished toys that need pampering
@juanescalante9972
@juanescalante9972 2 жыл бұрын
This is very smart he added a logistics business to the laundromat and delivered anywhere between 40 and 50 mile radius as to other competitors only deliver 6 mile radius
@curtis9464
@curtis9464 2 жыл бұрын
"Everyone has one job and one job only" This is an amazing model, in my old job as a bartender, we had a million little things to do and we would be jumping up and downstairs constantly because of lack of staff and even when we had staff we would all be doing a bit of everything, this is annoying for everyone. I think if more businesses went by this model staff would be happier knowing what they are doing and can get into a routine. Very interesting video all businesses should watch
@gervas4935
@gervas4935 2 жыл бұрын
14:48 The employee is not going to be able to support his family or pay for his kids to go to college. The owner is a millionaire but this employees probably have to get food stamps.
@franciscoantonio5306
@franciscoantonio5306 2 жыл бұрын
Good point.
@brandon9681
@brandon9681 2 жыл бұрын
Mark is a rising star in the industry and making waves where experts previously thought there were limits. You could definitely see all the soul and passion as infrastructure in a growing business. Great interview, host, and production into the video!
@crepeitup
@crepeitup 2 жыл бұрын
$3 million ...what else they laundering?
@Sacchaindian007
@Sacchaindian007 22 күн бұрын
Breaking Bad 😂😂😂😂
@derrekb4501
@derrekb4501 2 жыл бұрын
As a small business owner I have to say this is NOT for 95% of future business owners. This requires huge capital expenditure, software, labor, learning curve...it's a huge risk for anyone who is not backed by BIG money investor. And it requires operating expertise. Only the BIG company can do this level of service, from design to service this is more like a franchise not a small business. It maybe impressive to show a $3M topline, I can guess after rent, lease of the machines, utilities, labor, accounting, payroll taxes, and much more...they maybe netting 5 to 10% pure profits, but one big advantage they got is they built a business model that can scale, with caveat of as long as even more millions are constantly poured in from big money investors. In other words, nice production but not practical for most small business wannbe owners. It's extremely hard if not impossible to find or start a true operator owner small business that generates real profits and won't bankrupt you. My advice is to all small business owner wannbe/aspired to be is don't waste time day dream a business like this, rather start small, anything literally, get your feet wet on running a business, meaning selling, collecting money, pay bills, once you got that down ideas will come to you. NO one here on KZbin will share anything real with you, you will learn almost nothing from these videos. Other than oh wow they already made it. Do the actual work of selling buying paying sweating stressing grinding, do it for years, you will very quickly figure what works what doesn't and the real secrets of running a place and profit from it.
@thetazlord
@thetazlord 2 жыл бұрын
Love this content! Pro Tip: Use a lav mic. If you ever cover a business in the Vegas area, hit me up. I'll help you bring your production value to the next level.
@DuckyDee
@DuckyDee 2 жыл бұрын
9:10, what would you say was the biggest factor for year after year growth? Was it marketing? Implementing tech? or something totally different?
@usadaytrader
@usadaytrader 2 жыл бұрын
$81k/ year net for that all work and managing isn't worth it at all.
@matthewmcdonald9107
@matthewmcdonald9107 25 күн бұрын
Yea how tf is he going from $3M revenue to $81k profit. I sense some fuckery to fudge the IRS taxes
@margoshaw6230
@margoshaw6230 2 жыл бұрын
Why does this business just look exhausting to me? Sorry....this is a pass for me.
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Totally fair!
@drobgyn5615
@drobgyn5615 2 жыл бұрын
Love the video so far...100% subbed. Can't wait for more!
@NateOBrien
@NateOBrien 2 жыл бұрын
This video will definitely go viral
@mr.millionaire4570
@mr.millionaire4570 2 жыл бұрын
I'm only 25y and In a few months I'll have an 850-credit score, but I do plan on owning a big coin laundromat in the future as an investment also owning apartment complexes Aswell god is ordering my steps
@gmjackson1456
@gmjackson1456 Жыл бұрын
The 3 mil really went to the folks who sell the trucks and laundry machines. In your next video maybe you can show the books and reconcile those with the bank statements and tax returns.
@JeffWantsMoreMC
@JeffWantsMoreMC 2 жыл бұрын
Codie, I've been following your Instagram page for a while, but that was my first time watching one of your KZbin videos and it was totally awesome! Your content here is a lot better than 90% of the current KZbinrs I watch. Tbh the only critique I have is allowing those text/info blurbs to sit on the screen a bit longer. Those are where some of the really juicy info is and would be nice to have just an extra second or so to absorb it all without having to pause the video. Otherwise, great work so far and I'm looking forward to more of your glorious KZbin content! :)
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
This is so helpful thank you!!
@AdamNicholaStewart
@AdamNicholaStewart 2 жыл бұрын
@@CodieSanchezCT And the text info should be on a flat background - some is very hard to read when layered over a moving full bleed video image - but small things.. ;) Great content! Lovin the new longer versions, but still lurve your short vids!
@DavidRachfordFitness
@DavidRachfordFitness 2 жыл бұрын
agree, had to pause/ rewind a couple times to catch them.
@Elgringo2180
@Elgringo2180 2 жыл бұрын
I agree! Keep doing what you’re doing! 👍🏼
@mattkramer8426
@mattkramer8426 2 жыл бұрын
$3million in revenue sounds like a nice number over the $900k without delivery. But the man power, vehicles, insurance, etc. are all incredibly expensive. She says $3mil but she showed the sheets. The net profit is $81k.
@scottgosch2116
@scottgosch2116 2 жыл бұрын
How much do they really make profit?
@joebellavia2995
@joebellavia2995 10 ай бұрын
I want to invest in the course but it's questions like this that make me skeptical
@amadison8325
@amadison8325 9 ай бұрын
Total income was $238k....I'm not sure where I missed the breakdown on the $3m in revenue?
@vtr-vegasteslarides569
@vtr-vegasteslarides569 2 жыл бұрын
PLEASE CLARIFY! Something doesn't add up. 250 Trips or drops total per day is not equal 50 bags times 250 trips for $12500. Or is t? It is $50 per bag (only fact he said) but some stops have more than one bag I assume. So the max should be bags times $50 per bag. So how many bags? 50 bags per driver of 10 drivers is 500 bags, that be 500 bags total a day times $50 is $25000? I think its 10 drivers, each gets max 25 trips for time constraints, even though thats not a lot and can be knocked out quick. I tried Uber and 25 trips is easy, especially if stacked with no wait time in between and organized route for shortest distance and quick in out drop off. Very few hours per driver this way. So 10 drivers max 25 trips (hence 250 trips a day for store) with a max average of 2 bags per stop. That still be 25trips x2 bags=50 bags times $50 is $25000? So what is is? How the calculation of 250 trips times 50 bags = $12500 OR 25 trips per driver with 50 bags equals 1250 times 10 drivers is 12500 of what when a bag is worth $50? Also they have Standard bags and XL bags, and delicates may be priced different too. I assume dry cleaning is outsourced with a surcharge.
@MIKExMASSACREx
@MIKExMASSACREx 2 жыл бұрын
This business bout to crash and burn through this recession lol ain’t nobody gonna spend money on services
@robertdrake7604
@robertdrake7604 2 жыл бұрын
How much do you actually clear? After electric and water and payment for the building?
@SummerSausage1
@SummerSausage1 2 жыл бұрын
$3 million doesn't mean much. Uber pulls $18.3 billion in 2021, and yet their annual profit is negative $0.4 billion...I hope you see my point. If you're generating $3m annually, and your profit if $10,000 then this is a crap investment.
@Shay416
@Shay416 2 жыл бұрын
Wait it was 10k a month not a year right?
@hearmenow909
@hearmenow909 Жыл бұрын
If it was a 'crap investment' they would move on to something else. You can't measure this against a completely different business. So many people are making wild invalid guesses in these comments.
@Cookies205
@Cookies205 2 жыл бұрын
Awesome content, thank you Codie!!! (note for the future: audio could probably use a little tuning up and better balancing with background track) (note after the note: a few of the info graphics could have been up .5sec longer or more to be more legible)
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Thanks for the feedback that's great!
@kajikanna
@kajikanna 2 жыл бұрын
I second this. Super hard to hear what's being said. Thanks for posting this video.
@perfectiom3718
@perfectiom3718 2 жыл бұрын
3rd
@famousamoso7
@famousamoso7 Жыл бұрын
The real trick to these places making money is the passive income from the night time laundry service. When normally the place would be closed and thus making no money. He is able to exploit that down time and maximize profits. Good for him
@LifeOfLoveNHappiness
@LifeOfLoveNHappiness 2 жыл бұрын
This is really fascinating about how they operate their facility and each person has their role like an assembly line. Curious to know the breakout of the $3mil in revenues for payroll, operational costs, and net profit. #6 vid today. Thanks for the fabulous content.
@jbudz313
@jbudz313 2 жыл бұрын
Wow! Great content as always Codie 🙏 Love this business idea and methodology. Thanks for sharing! Keeping this idea on the back burner... 🙌
@stephengramaglia8900
@stephengramaglia8900 2 жыл бұрын
Very cool presentation - but . . . They don't make $3MM, they have revenue of $3MM - with all that labor, supply costs, fuel, insurance and utilities, what is their profit margin?
@JPmotion
@JPmotion 2 жыл бұрын
Around 20% most likely and then split between partners
@dietrichwinter8896
@dietrichwinter8896 2 жыл бұрын
Usually when talking of a business "make" is referring to revenue, whereas "cashflow/clear/EBITDA" is speaking to profits. Laundromat makes 3MM, but I'd love to know the Net margin as well, even better EBITDA.
@alexa.julianne
@alexa.julianne 2 жыл бұрын
I'm confused too - did you make 3MM or 81k (in 2020)?
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Often times they don't want to share their profit number as they are going for scale and investment which I think is totally fair so they made $3MM in revenue.
@omarseera9960
@omarseera9960 2 жыл бұрын
Let say %10 profit = 300k ...
@GM-uw4vp
@GM-uw4vp 2 жыл бұрын
I love that.. I want to see normal people win too!
@davidmhilary
@davidmhilary 2 жыл бұрын
Liked the bit with Mario the driver telling his story. Great to hear the employee pov. Reinforces/encourages that It’s all about the people.
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Exactly!!
@aaronbowen5248
@aaronbowen5248 2 жыл бұрын
I hired Mario. An absolute gem of a human being. You have to run your operation in a way that pushes down some of the responsibility and ALL the glory. It makes everyone part of the story and process.
@cnanadalife9189
@cnanadalife9189 2 жыл бұрын
The background music is making it hard to listen to the conversation
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Great feedback ty!! We’ll work on that.!
@kem.4274
@kem.4274 Жыл бұрын
Great video! Thank you!! So is this laundry mat not open to the public? Or are the employees washing after it closes?
@Listening4n0w
@Listening4n0w Жыл бұрын
Girl, stop hitting those machines! You break it you buy it!
@angeloruiz4211
@angeloruiz4211 2 жыл бұрын
Am I missing something here, are they really charging $50 per bag/customer?
@Superb_Legend
@Superb_Legend 2 жыл бұрын
Ppl waste money to be lazy
@frankm5019
@frankm5019 2 жыл бұрын
That "perfectly" folded bag of clothes then being thrown around costs 50 bucks.looked like 1/2 bag.full bag costs $100 lol.do I really need to have my underwear folded? Fonzi is the only person that irons his socks
@Yendi233
@Yendi233 2 жыл бұрын
ok how do I get that bulk soap? F paying $6000 for some tide pods
@818familiacarlife
@818familiacarlife Жыл бұрын
Waste of money - makes enough to keep afloat - but not enough with the headaches and rude people.
@WaltWW
@WaltWW 2 жыл бұрын
With that many employees, running 22 hrs a day, delivery vehicles, building and utility costs, is there any money left for the owner at the end of the day?
@nuralshyn
@nuralshyn 2 жыл бұрын
I have the same question, I don’t think it will bring a lots of cash. The job itself is very time consuming and takes a lots of people involved, plus electricity and water is not cheap.
@KayFabe87
@KayFabe87 2 жыл бұрын
Location is critical for a laundromat business. I imagine a lot of research and analytics are involved when opening or investing in a laundromat. Being near a college campus is probably an advantageous location.
@gsards
@gsards 2 жыл бұрын
College students are generally broke.. there's no way this type of business which likely has a hefty markup on doing your own laundry, thrives around a campus
@frankm5019
@frankm5019 2 жыл бұрын
People with private houses with washers and dryers use the laundromat. Lol.if you see people, you need a laundromat. Lol
@celiamitchell4969
@celiamitchell4969 2 жыл бұрын
This laundromat is so clean. I want to open a laundromat but I don't know how to go about doing it. How do I start a business like this?
@steven_rushing
@steven_rushing 2 жыл бұрын
Good video but wow do the slides with dedicated text go by too fast…
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Haha great feedback ty!!
@shamircolloff8180
@shamircolloff8180 2 жыл бұрын
Agreed on all counts, also pro tips are hard to read against the background, without a solid color behind them!
@hearmenow909
@hearmenow909 Жыл бұрын
Don't forget, you can pause the video.
@tigreytigrey8537
@tigreytigrey8537 2 жыл бұрын
"Uhh, can u please stop slapping my machines? I got the point already..."
@NishanthA32
@NishanthA32 2 жыл бұрын
Loving the longer form videos Codie. Watching and listening to them intently...but the audio on this video is a little messy. Could you please look into the audio issue for future videos? Really appreciate it.
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Yes thank you!
@apple_fury3454
@apple_fury3454 2 жыл бұрын
Great video, but i feel the music is a tad too loud. Other than, keep up the good work :)
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Great feedback. What else were new at this?!
@katstark_
@katstark_ 2 жыл бұрын
@@CodieSanchezCT the humor bits are the highlights, leave the written bits up for a min of 3 secs, showcase your showpieces ie you carry the stunning squash blossom necklace in another video really well, and it makes you look like a queen, longer video format offers more value and more chance for super fans. Have recently found you, subscribed to newsletter and socials. Love your stuff. Thank you.
@mikewest9033
@mikewest9033 2 жыл бұрын
I gotta call cap on this 1. Just because you maybe made that 1 year don't mean its gonna be every year. I mean we are talking about a damn Laundromat
@thirsty3333
@thirsty3333 2 жыл бұрын
🤮 horror story time lol I use to own a laundry, cat shit rolled up in clothes & used condoms 🤮 I told a lady about that she goes how that get in there I’m like please check your stuff or I won’t be picking it up. She was cool though she supported other business
@walky7
@walky7 2 жыл бұрын
This sounds like a Tommy & Ghost laundromat lowkey. If you know you know :D
@tsescoff
@tsescoff 2 жыл бұрын
This is great content! Thank you! One ask though, the transitions between some of the slides were really fast. If you could make them a little slower - there were a lot of good nuggets to note but had to either pause or rewind several times to re-read everything.
@sofalvarez
@sofalvarez 2 жыл бұрын
5:50 lol your level of confidence when u were translating... that's not what she said at all
@AlexBerman
@AlexBerman 2 жыл бұрын
So sick
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Interesting model.
@harleyharleyharley
@harleyharleyharley 2 жыл бұрын
I could add pickup and delivery laundry to my laundromat and add $100000 plus profit.... but labor in my area would cost 40 to 60 an hour and there is no loyalty to this kind of work in my area of the country...I'm stay with self service laundry don't want the headache of 10 more employees . I would rather have a great facility for customers to use. In today's business environment what if your competitor offers the same service for half or a quarter of the price till your out of business !?
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Makes sense. I think you need to ramp up to make it make sense.
@danielsemmens6640
@danielsemmens6640 2 жыл бұрын
Give me a break
@gthausde
@gthausde Жыл бұрын
So how do you know which customers loundry you are working with right now, whats the exact process. Customers deliver the laundry or you pick it up too? Then you put it in a bag and it gets a Code? When it goes to the washing machine, how you know which laundry is washing? Just want to understand every step of the way.
@WideAwakeHuman
@WideAwakeHuman 2 жыл бұрын
I'm confused - the revenue in the video wasn't anywhere near $3M.. was that just for one location or what am I missing?
@nicolap128
@nicolap128 2 жыл бұрын
I love this video and I was waiting for your KZbin videos for so long! 😍 One point for the next video: it is a little bit hard to understand you two, when you are sitting on the washing machines. Maybe you should think about small microphones to put on your clothes, so that the sounds is better and clearer. ☺️
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
tyyyyyyyyy!!!
@oscarmartinez-fg9et
@oscarmartinez-fg9et 2 жыл бұрын
I think full service can be applied to other boring business, like for example, you got renting an apartment, you add full service an is a airbnb, I think is a good concept
@tryunetech
@tryunetech 2 жыл бұрын
Can't say enough about your content the quality and details of your content (logos, cinematography and music choice) is why I keep watching your stuff. Congrats to your team.
@FIXbyLMJ
@FIXbyLMJ 2 жыл бұрын
Wow! What a revenue it made. But can I ask you ma'am Codie Sanchez if I could borrow this video and get some important clips from it? I'll use this video clips to promote the ebook I've written for almost two years. The ebook is with regard on how laundromat owners SAVE TONS OF MONEY for sudden and unexpected laundry machine breakdown. Don't worry, I'll give a compliment remarks in these clips and even give the video link so this video could gain more views. Is it okay with you ma'am?
@carrie7567
@carrie7567 2 жыл бұрын
I am so happy I found your channel! Thank you so much for all your knowledge. So grateful🙏
@ronf28
@ronf28 Жыл бұрын
There's something really sexy and attractive about Codie 🌹
@zionbar8379
@zionbar8379 Жыл бұрын
Just spoke to a laundromat broker - said laundromats wont be approved for an SBA- whats he missing?
@adrianyates9879
@adrianyates9879 2 жыл бұрын
I will forever be indebted to you you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs. Elizabeth Graham
@GM-uw4vp
@GM-uw4vp 2 жыл бұрын
Assembly line. Implement Toyota Production System ie. Lean Manafacturing.
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
exactly!
@cgriff2134
@cgriff2134 2 жыл бұрын
Excellent content Codie. We bought a value add mom and pop laundromat 2 years ago. Very under the radar business. Great cashflow, especially for the time invested. We have been offering on several of late, It just takes some time and effort to find the right deal. We would love to model something like this in our town. We are considering using the Brio Laundry model out of Washington state.
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Super interesting. Love to hear more and highlight you in our group too!
@TheLaundromatBusiness
@TheLaundromatBusiness Жыл бұрын
This is a really interesting video for anyone who is looking to create wealth in their business. I know from personal experience cause im in the business. good video
@CanaldaLavanderia
@CanaldaLavanderia 2 жыл бұрын
I love this history, i wish know this laundry some day. Congratulations! from Brazil!
@GrowYourSideBusinessPodcast
@GrowYourSideBusinessPodcast 2 жыл бұрын
Hey Codie, this is awesome! Open to being a guest on my show? We help corporate professionals grow side businesses.
@Mark-rw3kw
@Mark-rw3kw Жыл бұрын
The term "brings in" means gross revenue. The term "makes" means net profit. This laundry does not "make" $3 million in net profit.
@James-mf9to
@James-mf9to 2 жыл бұрын
3 million in revenue is not “makes 3 million”.
@BlueBass2
@BlueBass2 2 жыл бұрын
maybe it’s just me, but i’m struggling to see how this can be scalable either outside of cities into more rural areas, and for people to see the cost benefit of paying $50 per bag vs doing it themselves in their house or apartment complex. unless it was more difficult to do it themselves (higher price to do laundry, less convenient to do) then i see this capping eventually. but for now, it’s a boom
@shaunsnyman5107
@shaunsnyman5107 2 жыл бұрын
I dont like washing clothes, thats why we pay someone to do it
@ekkamailax
@ekkamailax 2 жыл бұрын
Great video but please lower the volume of the music. I’m listening on iPhone speaker and it’s hard to hear you clearly over the music.
@evaisdreaming
@evaisdreaming 2 жыл бұрын
How do you find a business like this to invest in?
@RobinHoodTexas
@RobinHoodTexas 2 жыл бұрын
Wow. What a great video Codie. I just found you yesterday and love all the content. I just sold my house in Fort Worth and have been using a laundromat for clothes. The one I'm using is ripe for an acquisition. Any advice on how to approach or find the owner?
@MeditationRelaxSleeps
@MeditationRelaxSleeps 2 жыл бұрын
If you franchise this i will be the country manager in philippines for your franchise.
@damienburks641
@damienburks641 2 жыл бұрын
Great information. Thank you. Please show the text longer. I don't think anyone can read that fast. Had to rewind a lot.
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
so helpful ty will do
@santiagojesus123
@santiagojesus123 2 жыл бұрын
That Spanish lady ACTUALLY said she always had to make sure the clothing looked good to make the process easy for the moms 💀
@lramirez0317
@lramirez0317 Жыл бұрын
Awesome idea! How about customers walking in customers? I did not see many around there.
@amyk3020
@amyk3020 2 жыл бұрын
OMG your last phrase was right on the money. When you mentioned about Walmart. I don't shop in one, don't support one and I only want to support my local guys and gals. Thank you fascinating and wonderful business on most simplistic level
@Harzeezreport
@Harzeezreport 2 жыл бұрын
as a garment care business owner, i can confer with ever thing he said. bulk detergent is life. i store mine near the washing machines.
@WideAwakeHuman
@WideAwakeHuman 2 жыл бұрын
haha that was my one thought.... why isn't the detergent stored in big hanging shelves that hang down from the ceiling so the it's at eye level when you're loading laundry? Like the systems they have in oil change places so that each stall just grabs a nozzle for oil or whatever
@BoostAndRedline
@BoostAndRedline 2 жыл бұрын
10:00 that was a pretty epic moment 😅😂😂
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Hahah right?
@0617kitty
@0617kitty Жыл бұрын
Thank you for making this video! I am exploring business opptunties besides working for fulltime... Love your video content!
@bethanycreativeside4326
@bethanycreativeside4326 2 жыл бұрын
I like everything but your last comment Sam Walton was doing exactly what you are doing. Look up his starting model It got bigger but the model of what he was doing is exactly the same. He always believed in treating the customer well and treating the employee well then helping out the community having things inexpensive but good quality so that we can all live better. I don't think there's anything wrong with that and people have forgotten or don't even bother to look when they start criticizing because he made it big. Others now own his stores but the employees can still invest in the company. What would you do when you made it big? Would you want people criticizing you? -Just saying
@teapot6711
@teapot6711 Жыл бұрын
Honey this is not a small business, this is a small business idea turned into a huge operational business.
@strategicdomaininvest
@strategicdomaininvest 11 ай бұрын
Wow, $3 million from a laundromat? Are people leaving their wallets in their clothes or is this secretly a 'laundering' mat? 😂💰 #CleanMoney #LaundryMagic
@ernestoaranda717
@ernestoaranda717 4 ай бұрын
I'm too old to make such a large investment, or in my case take on a large liability for the business loan, for a "gateway" business to bigger and better things, to me the laundromat would be the end goal. My needs and aspirations are modest, and although I find it hard to hear myself say that a near 6 figure net would be ideal and that I don't need more than that, that truly is the case with me. Because of my near-retirement age, I don't have the luxury to make mistakes so I'm going to ask some basic questions. Is there a service that would calculate / determine whether an area is in need of a laundromat or if the area is already saturated? Are there lenders that specialize in laundromat loans so that I don't have to sell them on the concept? If I buy an existing laundromat that already has vending machines in place, are they difficult to have removed so I can install my own or are they generally on a non-transferable contract where I am required to keep them there? Is there such a thing as a laundromat franchise available? Would it even be advisable to go through them if it were available? That's all I can think of for now, thanks.
@thewindowguy43
@thewindowguy43 2 жыл бұрын
I believe I've found my mentor
@BetterLifeFocus
@BetterLifeFocus 2 жыл бұрын
hmm at 09:15 *(Total income 238K year 2020 ,the expense 156K, the profit 81k).. for me it does not look like they are making profit *(or is either `they` were not honest with the Incomes and Expenses or the `Expenses` are calculated with paying the employee ..?)..The `guy` said that he has 60 workers...how much the owner is paying his employ every month ?? im wondering how much is the salary in America every month on laundromat employee if i write on google and the google information would lie or not. . .
@RachelTookes-po5sc
@RachelTookes-po5sc 14 күн бұрын
Congratulations 🎉👏👏👏👏👏👏👏👏👏👏👏👏👏👏
@nsemble
@nsemble 2 жыл бұрын
i feel like most of those businesses only work in america. i ain't never seen a ice vending machine here in europe (switzerland, germany, france) i rarely see laundromats, and nobody i know washes their clothes in laundromats. carwashes is probably one of the only ones of those that i could see doing well.
@jimg9820
@jimg9820 2 жыл бұрын
We do still have some laundrymats in UK cities, but its pretty niche as most people do their own. Certainly no call for ice machines in the UK!
@yasinnabi
@yasinnabi 2 жыл бұрын
I am planning this business in South Korea, I am just starting with 5 machines....
@jonadias4655
@jonadias4655 2 жыл бұрын
Thanks for your insights. The captions were disappearaning very fast bf we could finish reading. Could u please slow them down.
@TimJSwan
@TimJSwan Жыл бұрын
Even if you have 30 machines running non stop all year, they would each have to make $11 an hour. That doesn't make sense because it takes 45 minutes to wash clothes for $3.
@create-ascend777
@create-ascend777 6 ай бұрын
Really good content and i think this is a good business idea..thank you.. just wondered though.. when the clean folded clothes go into the bag as they are delivered, has there been any complaints of the clothes being crumpled or whatsoever that they are not happy about or are there less expectations when they receive it??
@santistrasser
@santistrasser 2 жыл бұрын
Love seeing the behind the scenes of this business!
@CodieSanchezCT
@CodieSanchezCT 2 жыл бұрын
Yay!
@Tek1D
@Tek1D 2 күн бұрын
This is the cleanest laundry I have ever seen. Please people, help keep laundry's clean. Biggest negative about travel camping is the laundry's are always so dirty everywhere I go.
@Gortman1
@Gortman1 4 ай бұрын
Im a logistics guy and you wiuld think that yhe logistics would impress me but the most important thing was comparing doing laundry through the business was like ordering a pizza.
@jamesmelton6494
@jamesmelton6494 2 жыл бұрын
Her personality is inviting and she gives good insight on the business 👍🏾
@jeffhines6899
@jeffhines6899 2 жыл бұрын
Anti-aging center wants a model to go national. Let's do a video. 10,000 people a day turning 75 and for 15 more years.
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